About Icestasy
Icestasy is a company based in Mumbai (India) founded in 2016 by Parag Chaphekar. Icestasy has raised $133.86 thousand across 5 funding rounds from investors including Nissim Ghoge, Nirmesh Prakash and Madhuri Pradhan.
- Headquarter Mumbai, India
- Founders Parag Chaphekar
- SectorsConsumer
- Phone•••• ••••
- Website icestasy.in
- Social LinkedIn
- Legal Name Icestasy Projects Private Limited
- Date of Incorporation 14 Jun, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹5.49 Cr
FY 2025 · +38% YoY
- Net Loss-₹66.5 Lakh
FY 2025 · -12% margin
- EBITDA-₹64.6 Lakh
FY 2025 · -12% margin
- Total Equity Funding$133.86K (USD)
in 5 rounds
- Latest Funding Round$39.93K (USD), Angel Round
Jan 2022
Associated legal entities of Icestasy
Icestasy operates through Icestasy Projects Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Icestasy Projects Private Limited CIN U74999MH2016PTC282398 | Active | 14 Jun 2016 | Mumbai, Maharashtra | ₹5.5 Cr | – | 6 | View details |
Funding Insights of Icestasy
Icestasy has successfully raised a total of $133.86K across 5 strategic funding rounds. The most recent funding activity was a Angel Round of $39.93 thousand completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $133,864
- Total Rounds 5
- Last Round Angel Round — $39,931
- First Round $19,047
(Oct 2018)
- Investors Count 8
All 5 funding rounds of Icestasy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $39,931 | Angel Round | $515,357 | Nissim Ghoge | – |
| Jan 2021 | $27,210 | Angel Round | $637,700 | Nissim Ghoge | – |
| Aug 2019 | $33,349 | Angel Round | $••••• | Nirmesh Prakash | |
| Nov 2018 | $14,327 | Angel Round | $••••• | Rajinder Bhagat | – |
| Oct 2018 | $19,047 | Angel Round | $••••• | Nirmesh Prakash |
Last known valuation $515,357 (Jan 2022). 8 investors in total: 0 institutional and 8 angel.
Investors in Icestasy
Icestasy has secured backing from 8 investors, including angel investors. Prominent investors backing the company include Nissim Ghoge, Nirmesh Prakash and Madhuri Pradhan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
NG Nissim Ghoge | - | – | unknown_f6def99219a747988 | - |
NP Nirmesh Prakash | Angel investor and tech entrepreneur with focus on early-stage startups in India. | – | unknown_458b257af9cb4058b | - |
MP Madhuri Pradhan | - | – | unknown_25307c33371f4dffa | - |
SA Sukanya Athavale | - | – | unknown_6547716256e347a2a | - |
AC Aditi Chaphekar | - | – | unknown_fabd114259a543d49 | - |
AM Amit Maloo | - | – | unknown_af6761abf461429fb | - |
GB Geeta Baratam | - | – | unknown_2fe0d13ff6f546dca | - |
RB Rajinder Bhagat | - | – | unknown_d45be4d63b3e4497a | - |
Investor details for Icestasy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Icestasy Projects Private Limited (Icestasy)
Icestasy Projects Private Limited is the primary company behind Icestasy. The board of Icestasy Projects Private Limited currently have 5 directors; the longest-serving is Sunmish Rajan Marathe, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunmish Rajan Marathe DIN 07456626 | Director | 14 Jun 2016 | 10 yrs 3 mo | Icestasy Projects Private Limited |
| Milind Vishnu Salvi DIN 07682547 | Director | 12 May 2025 | 1 yr 5 mo | Icestasy Projects Private Limited |
| Girish Mohan Bettadpur DIN 11111320 | Director | 16 May 2025 | 1 yr 4 mo | Icestasy Projects Private Limited |
| Nissim Rajendra Ghoge DIN 11151188 | Director | 12 Jun 2025 | 1 yr 4 mo | Icestasy Projects Private Limited |
| Parag Chaphekar DIN 02331250 | CEO | 06 Sep 2025 | 1 yr 1 mo | Icestasy Projects Private Limited |
People of Icestasy
1 people are tracked at Icestasy (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Icestasy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Icestasy
Figures of Icestasy Projects Private Limited, the primary company behind Icestasy, for FY 2025. Revenue was ₹5.49 Cr (+38% year on year). Net loss was -₹66.5 Lakh (-12% margin). EBITDA was -₹64.6 Lakh (-12% margin). Revenue has grown at a compounded annual rate of +70% over three years and +31% over five years.
- ₹5.49 CrRevenue · FY 2025 · +38% YoY
- -₹66.5 LakhNet loss · -12% margin
- -₹64.6 LakhEBITDA · -12% margin
- ₹11.8 LakhPaid-up capital
- +70%Revenue CAGR, 3 years
- +31%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Icestasy Projects Private Limited are on its company page.
Detailed financial statements for Icestasy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Icestasy
3 dated milestones of Icestasy across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Icestasy is founded.
- Funding First funding round of $19K.
- Funding Latest funding round, Angel Round, of $40K.
Similar companies to Icestasy
10 companies that operate in the same segment as Icestasy (Food Processing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Internet first brand offering refrigerated pet food | 2006 | Secaucus, New Jersey, United States | USD 54 M | USD 1.1 B | 1,300 | |
Biosolutions and enzymes are developed for biotechnology applications across industries. | 2000 | Bags Sword, Denmark | – | – | – | |
Coffee, tea, and extract beverage solutions are provided globally. | 2009 | North Little Rock, Arkansas, United States | USD 17 M | USD 1.19 B | 1,410 | |
Bioproducts are manufactured via tissue engineering and fermentation technologies. | 1919 | Amsterdam, Netherlands | USD 125 M | USD 1.49 B | 2,400 | |
Fruits and vegetables processing services are provided by Sahyadri Farms. | 2011 | Nashik, Maharashtra, India | USD 84.86 M | USD 115.08 M | 2,299 | |
Brand of beverage products | 1995 | Gurugram, Haryana, India | USD 133 M | USD 2.33 B | 12,570 | |
Platform offering cooked-meal delivery service for dogs | 2016 | London, England, United Kingdom | USD 477.37 M | USD 48.04 M | – | |
Multi-category food products are produced and distributed globally. | 1866 | Minneapolis, Minnesota, United States | – | USD 18.42 B | 33,000 | |
Subscription-based pet food is delivered via an online platform. | 2016 | Blairgowrie And Rattray, Perth And Kinross, United Kingdom | USD 18.6 M | – | – | |
Wild Earth is recognized for providing vegan pet food. | 2017 | Berkeley, California, United States | USD 43 M | – | 8 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Icestasy
Icestasy was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Icestasy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Parag Chaphekar is the current CEO of Icestasy. They have also founded this company.
Icestasy is a funded company, having raised a total of $133.86K across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $19.05K, raised on Oct 2018.
The primary company behind Icestasy, Icestasy Projects Private Limited, reported revenue of ₹5.49 Cr for FY 2025, up 38% year on year.
Icestasy was established in 2016 in Mumbai, India, to handle gourmet ice cream processing. Operations center on producing a range of flavors while upholding strict hygiene protocols in the food sector. Services include processing for various gourmet options, with the company led by founder and CEO Parag Chaphekar. Activities are based in India, focusing on quality-controlled production.
Icestasy has 8 investors. Key investors include Nissim Ghoge, Nirmesh Prakash, Madhuri Pradhan, Sukanya Athavale, and Aditi Chaphekar.
The valuation of Icestasy is $515.36K as of Jan 2022.
Icestasy operates through Icestasy Projects Private Limited.
The legal entities of Icestasy currently have 5 directors, including Parag Chaphekar, Sunmish Rajan Marathe, Milind Vishnu Salvi and others.